Disruption Theory & risk-aversion don’t apply

Incumbents typically cede market space to startups wherever there’s new, unproven technology or a new, unproven market, especially in spaces where they can’t use past data to predict the future. But in AI, they’re rushing to embrace new technology and uncertain markets, spending historic amounts of... See more

Many of the largest scale uses of AI to date have been at consumer-centric companies that have large data sets to train on (Google, Facebook, Uber, etc). Perhaps incumbents won due to a data advantage that is now going away as companies use the broader internet as an initial training set + are switching to models that work more robustly against... See more

It just hit me that what the iPhone did to hardware, AI will do to software. We used to have a million different physical products and devices to meet our needs for communication, getting news, listening to music, taking photos, etc. Then, BOOM, it all collapses into the consumer hardware... See more